14. Which of the following is not an indicator that a promise is separately identifiable within a contract?

does not modify another good or service

lack of commercial substance like other goods or services

lack of integration with other promised goods or services

43.

is not dependent on other goods or services

Monty Corporation reported the following income statement in condensed for 2020: Sales $500,000 Cost of Goods Sold (280,000) Gross Profit $220,000 Operating Expenses: : Depreciation expense $15,000 Salaries Expense 13,000 Rent Expense 10,000 Insurance Expense 5,000 (43,000) Income before income taxes $177,000 Income tax expense (61,950) Net Income $115,050 During 2020, the following changes occurred in the company's current assets and current liabilities: , : Increase (Decrease) Cash $19,850 Accounts Receivable (6,750) Inventories 5,600 Accounts Payable (2,800) Salaries payable 1,750 Required: 1. By visual the inspection method prepare the net cash flows from the operating activities using the indirect method. Use a minus sign to indicate cash outflows or decreases in cash. . . Monty Corporation Statement of Cash Flows (Partial) For Year Ended December 31, 2020 Operating Activities: Net income 115.050 Adjustment for noncash income items: Depreciation expense 15,000 Adjustments for cash flow effects from working capital items: : Decrease in accounts receivable 6,750 Increase in inventory -5,600 Decrease in accounts payable -2,800 Increase in salaries payable 1.750 Net cash provided by operating activities 130,150 2. By visual the inspection method prepare the net cash flows from the operating activities using the direct method. Use a minus sign to indicate cash outflows or decreases in cash. . Monty Corporation Statement of Cash Flows (Partial) For Year Ended December 31, 2020 Operating Activities: Cash Inflows: Cash received from customers 506,750 Cash inflows from operating activities Cash Outflows: Cash paid to suppliers -288,400 Cash paid to employees - 11.250 Cash paid for insurance and rent Cash paid for income taxes -61,950 o - 10,000 Cash outflows for operating activities Net cash provided by operating activities 100 130,150